Standard Bank, Africa’s biggest bank by assets, says SA’s worst riots in decades may have dented investor confidence but is unlikely to derail a nascent economic recovery that has bolstered its confidence in its own growth prospects.

The 158-year old bank is due to announce major changes to its strategic direction on Friday, a day after unveiling a plan to build in-store branches at selected Pick n Pay outlets in Gauteng and the Western Cape. Standard Bank said the partnership is aimed at expanding its contact with existing and potential new retail clients...

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